Faye wants to buy a manhattan apartment and is interested to know how much apartment prices have risen over time. She found that in January 2017, the average apartment price in Murray Hill was $308,700. By January 2000, the average price had reached $198,300. What was the annual increase in apartment selling price over the time frame? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) Annual increase in selling price 2.64%